FX.co ★ GBP/USD

Hello colleagues. Regarding the GBPUSD pair, after consolidating above the 1/2 zone of 1.34530-1.34682, the priority remains for further upward movement towards the full margin zone of 1.36050-1.36354. As long as there is no daily candle closing below the lower 1/2 zone of 1.33556-1.33404, the priority stays with buying, and any pair decline is seen as a corrective pullback and an opportunity to enter a long position. The European session opened above the daily balance level of 1.34480. With buyers dominating, a continuation of the uptrend from current levels towards the first target of 1.34990 is expected. However, another scenario is possible where the price may pull back to Friday's minimum of 1.34071, presenting a chance to see a bullish reversal signal.